YEREVAN, January 31. \/AR\u041a\u0410\/. Russian President Vladimir Putin has authorised the purchase of Goldman Sachs’ unit in Russia by investment company Balchug Capital, a government decree published on Friday showed, Frank Media reports.<\/p>\n\n\n\n
Baltschug Capital is an investment company created in 2010 by David Amaryan, who is the CEO and oversees all investment activities. Headquartered in Yerevan, it manages assets worth over $2 billion.<\/p>\n\n\n\n
David Amaryan previously worked for five years at the Troika Dialog investment company founded by Ruben Vardanyan, Forbes magazine wrote earlier.<\/p>\n\n\n\n
According to SPARK, the company provides consulting services on commercial activities and management, capital investments in authorized capital and venture capital investment. “Baltschug specializes in long-term and short-term strategies based on events and value, as well as investments in private capital,” the company’s website notes.<\/p>\n\n\n\n
In June 2024, New Solutions (controlled by the Balchug Capital fund) acquired 100% in the leasing company Caterpillar Financial, as well as in the special equipment plant Caterpillar Tosno in the Leningrad Region.<\/p>\n\n\n\n
Previously, these assets were owned by the transnational corporation Caterpillar (headquartered in Irving, Texas, USA), which in early March 2022 announced the suspension of its operations in Russia.<\/p>\n\n\n\n
The assets of Goldman Sachs Bank amount to 5.4 billion rubles, capital – 3.5 billion rubles, and the profit for 2024 amounted to 551 million rubles.-0-<\/p>\n","protected":false},"excerpt":{"rendered":"
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